The Inland Revenue Board of Malaysia (LHDN) has recently announced significant updates regarding the implementation of the e-Invoice system, which will be mandatory for businesses in Malaysia. Starting from August
Starting from July 27, 2024, employers can use the e-SPC function for amendments to applications and reporting additional remuneration. Employers are allowed to amend submitted e-SPC applications, but only if
MBB refers to non-cash benefits provided by employers to employees that are taxable. According to the Income Tax Act 1967, the value of MBB is included in the employee’s income
The Government plans to introduce e-Invoices gradually to improve tax management and support the digital economy. This aligns with the Twelfth Malaysia Plan, which focuses on strengthening digital services and
The Companies Act has been updated to include new regulations regarding beneficial ownership reporting. These changes require companies to lodge beneficial ownership information through the e-BOS (Electronic Beneficial Ownership System)
Jointly organized by the Social Security Organization (PERKESO) and the Malaysian Institute of Road Safety Research (MIROS), the Conference on ASIA Road Safety (CARS) 2024 aims to bring together policymakers,
Overview Introduced in 2023, NTW (National Training Week) is a full week of training events and activities across the country. It brings together organizations and people from different industries and
Taxpayers are allowed to make self-amendments to the information or assessments in the Income Tax Return Form (Borang Nyata) by submitting an Amended Return Form (BNT) within six (6) months
1. What is an SPC? An SPC is a document issued by the Malaysian tax authority (LHDNM). It certifies that an individual’s income tax matters are settled. 2. Who needs
a). Applications can be made via MyTax through the ‘e-Sekatan Perjalanan’ service b). Application for Eligible Stoppage Order Criteria : Malaysian citizen individual; Stoppage order imposed under the Income Tax